Deutsche Post: quarterly results hailed by market

(CercleFinance.com) - The Deutsche Post share is up about 3% in Frankfurt this morning, after the group tightened up its operating profit target range for 2019, now expecting between 4 billion (instead of 3.
9 billion) and 4.3 billion euros.

In Q2, the German logistics and mail giant posted a 2,9% increase in operating profit to 769 million euros for revenues that are up 3% at 15.5 billion euros, with growth seen at all the group's businesses and regions.

"The measures we initiated to improve productivity at P&P and the postage rate increase as of July 1 will provide further momentum in the second half of the year," said company CEO Frank Appel.


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